From the Desk of Don Yocham:
Say what you want about Elon Musk, but the man has vision.
Internet news, online banking, EVs, solar panels … Mars – his knack for skating to where the puck is going far in advance deserves credit.
His first two efforts, Zip2 and PayPal, were up and running by 1999, long before most saw the true potential of the internet. That foresight netted him $400 million on Zip2 and then another $1.5 billion from PayPal.
With that money (they say your first billion is the hardest), he plowed forward, founding SpaceX in 2002 and then Tesla (NASDAQ: TSLA) the following year.
Today, Elon's net worth stands at $245 billion. And with Tesla commanding a $1 trillion market cap, his 20% stake in Tesla accounts for nearly all that wealth.
As it stands, he's the richest man in the world.
But as I show you in today's Deep Dive on TSLA, his perch at the top of the global wealth heap may not last long.
Not because Tesla is a poorly run company. Dominant EV market share, surging sales, and premium pricing power have propelled the company into highly profitable territory – nearly seven times that of the typical automaker.
But no matter how strong the company's operating results, TSLA at $900-plus puts Tesla's EV sales in fantasy land.
So, head over to my Telegram channel to see why that $900 stock might fetch only $300 once reality sets in… |
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